What is the amount of T's deficiency in profits?

Looking at the information provided, we need to find T's deficiency in profits.

Calculating Interest on Capital:

Interest for A = 3,00,000 × 5% = Rs. 15,000

Interest for V = 3,00,000 × 5% = Rs. 15,000

Interest for T = 2,00,000 × 5% = Rs. 10,000

Total Interest on Capital = Rs. 40,000

---

Adjusting for A's Fee Shortfall:

A guaranteed minimum fee of Rs. 6,00,000 but earned only Rs. 3,20,000

Shortfall = 6,00,000 - 3,20,000 = Rs. 2,80,000

This shortfall will be debited to A's account, meaning the net profit needs to be adjusted by adding back this shortfall to understand the actual distributable profit.

Adjusted Profit = 8,60,000 + 2,80,000 = Rs. 11,40,000

---

Profit Available for Distribution:

Profit available for distribution = 11,40,000 - 40,000 (Interest on Capital) = Rs. 11,00,000

---

T's Share of Profit:

Profit sharing ratio is 5:3:2 (Total = 10)

T's share = 11,00,000 × $\frac{2}{10}$ = Rs. 2,20,000

T's Deficiency:

T is guaranteed a profit of Rs. 2,50,000 (excluding interest on capital)

T's actual share = Rs. 2,20,000

Deficiency = 2,50,000 - 2,20,000 = Rs. 30,000

This deficiency of Rs. 30,000 will be borne by A and V in the ratio 2:3 as per the partnership deed.